News / Good news for Jarvis
Good news for Jarvis
Monday 18th January 2010
Jarvis, the rail maintenance and freight group based in Yorkshire, has won a contract with one of its subsidiaries that could rise to more than £90m.
Jarvis Rail, part of the York-based group, has been awarded a contract worth £55m to carry out railway infrastructure work of the mainline phase of Chiltern Railway's project Evergreen 3.
Work on the initial phase is set to start during the financial year beginning April 1.
The contract also contains the exclusive option to extend the works, subject to relevant approvals, to cover the £96m upgrade of the Bicester to Oxford line which is due to commence in April 2011.
The rail associated elements of this second phase are expected to be worth in the region of £36m.
Stuart Laird, chief executive of Jarvis, said: "I am delighted that we have been successful in securing the rail works on this major contract.
"It is a huge opportunity for us and is testament to the effort we are putting into developing relationships with potential new partners and customers."
Jarvis Rail will be working closely with principal contractor civil engineering specialist BAM Nuttall as its subcontractor.
Adrian Shooter, chairman of Chiltern Railways, said: "We are pleased to have engaged with companies of BAM Nuttall and Jarvis's experience and expertise to undertake Evergreen 3."
